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Quarterly Report For The Financial Period Ended 31 March 2017

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Unaudited Condensed Consolidated Statements Of Comprehensive Income
For The Financial Period Ended 31 March 2017

Unaudited Condensed Consolidated Statements Of Comprehensive Income


Unaudited Condensed Consolidated Statements Of Financial Position
As At 31 March 2017

Unaudited Condensed Consolidated Statements Of Financial Position

Review of Performance for the Current Quarter

The Group total revenue remains flat in the current quarter compare to the preceding correspondence quarter, stood within the range of RM14.82 million and RM 14.30 million.

The Group recorded a loss before taxation of RM0.21 million in the current quarter compared to a profit before taxation of RM0.68 million in the correspondence quarter a year ago. This is mainly due to the lower profit margin in the IT business segment and the recoverable of impairment loss on trade receivables of RM0.5 million recorded in the preceding year correspondence quarter in the Online Game business segment.

Performance of the respective operating business segment for the current quarter is analysed as follows:-

  1. IT Business

    Revenue of the IT business segment in the current quarter was RM2.89 million compare to RM2.77 in the correspondence quarter a year ago, a marginal increase of 4.0%.

    Despite a marginal increase of revenue of 4%, the IT business segment has reported a loss of RM0.12 million in the current quarter compared to a profit of RM0.14 million in the preceding correspondence quarter. This is mainly due to the higher competition in the IT Industry which strain the business profit margin.

  2. Online Games

    Revenue of the Online Games segment in the current quarter was RM 11.94 million compare to RM11.53 million in the preceding correspondence quarter, a marginal increase of 3.59% was mainly resulting from the higher UD Dollar exchange rate.

    The business segment reported a loss of RM0.08 million in the current quarter as compared to a profit of RM 0.54 million in the preceding year corresponding quarter. This is mainly due to recoverable of impairment loss on trade receivables of RM0.5 million recorded in the preceding year correspondence quarter.

Future Prospects

The business environment of the Group remain challenging and competitive in the remaining quarters of 2017. The management will continue to review the business strategy to improve the overall cost structure and proactively searching and exploring new sales and market opportunities from its existing customers base and new prospects.